Thailand’s SET Index closed at 1,254.40 points, decreased 27.41 points or 2.14%, with a trading value of THB 36.09 billion. The analyst stated that the Thai market plunged, with pressure emerging from the selloff of DELTA, following declines among the technology stocks in the overseas markets. There were also selling forces in other big-cap stocks, while the movement of the market was in line with the global trend.
With no new catalysts on the horizon, the analyst expects the Thai market to trade sideways next week.
Thailand has reinforced its ambitions in the data center sector with the recent authorization of USD 3.1 billion worth of new investments for four data center projects, the country’s Board of Investment (BOI) confirmed.
Deputy Prime Minister and Finance Minister Dr. Ekniti Nitithanprapas announced that raising VAT to 10% is included in Thailand’s medium-term fiscal plan, approved by the Cabinet through the 2026–2030 fiscal framework. However, the government will not implement any VAT increase during 2025–2026, as current economic conditions are not conducive.
Meanwhile, he also disclosed that the country’s economic foundation remains solid due to robust financial and fiscal conditions, with government stimulus policies expected to bolster growth in the fourth quarter of 2025.
Japan’s exports in October significantly rose at 3.6% year-on-year, beating the 1.1% growth forecast by economists polled by Reuters, though this was slower than September’s 4.2% increase.
The country also authorized a ¥21.3 trillion ($135.4 billion) economic stimulus program, marking the new administration’s most substantial initiative since Prime Minister Sanae Takaichi assumed office. The measures are aimed at accelerating economic growth and mitigating the effects of inflation on households.
Separately, the Japanese PM has dismissed demands from Beijing to retract her recent comments on Taiwan, maintaining that Japan’s stance in the event of a major regional security crisis remains unchanged.
This follows her suggestion that a Taiwan Strait conflict could be considered a “survival-threatening situation” for Japan—allowing military deployment under Japanese law—which provoked sharp economic and diplomatic retaliation from China.
